Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
New Member Introductions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on . Most recent reply

User Stats

60
Posts
15
Votes
Nicolas Biangel
  • Specialist
  • covington, ga
15
Votes |
60
Posts

NEW INVESTOR/LONG DISTANCE INVESTING

Nicolas Biangel
  • Specialist
  • covington, ga
Posted

Good evening everyone!  I'm new to RE investing as well as to BP and am extremely excited to start my transition to RE investor.  Been looking around different areas to invest in (I'm currently reading David Greene's book Long Distance Real Estate Investing) and narrowed it down to Lubbock, TX, Fayetville, NC and (this is a strong maybe) Detroit, MI.  I'd like to get your thoughts on those areas, the pros/cons and anything unique in those venues.  Thanks in advance and I'm looking to grow with you all! 

Nick 

  • Nicolas Biangel
  • Most Popular Reply

    User Stats

    60
    Posts
    15
    Votes
    Nicolas Biangel
    • Specialist
    • covington, ga
    15
    Votes |
    60
    Posts
    Nicolas Biangel
    • Specialist
    • covington, ga
    Replied

    @Corey Zant Criteria --multi-family, purchase price under $140k, cash-flow at least $150/month/door.  Short list--the purchase prices of the units.  I have some friends who live out there and they've advised that it's a growing market.  I'll have to do more of a due diligence to ensure if it was a growing market.  

    @AJ Townley My thought wasn't initially marketed to the students.  Some of the places I found looks like it would be geared towards couples and small families.  The reasoning from @Kevin Moules is sound. 

  • Nicolas Biangel
  • Loading replies...